Cover Story
- The man at the centre of the government's mega tax reform, Finance Secretary Hasmukh Adhia, shares with Dipak Mondal his experience of seeing through the one year of GST.
- The implementation of GST has led to uniformity of tax rates across the country. we look at the impact on different sectors.
- The GST bandwagon has had a choppy ride in the first year but is gaining momentum. Further fine-tuning of the GST law holds key to future success
- As the Goods and Services Tax turned one, Business Today organised a discussion to understand how the journey had been so far, and what needed to be done in future. The panel, comprising Anita Rastogi, partner, indirect tax, PwC; Abhishek A. Rastogi, partner, Khaitan & Co; Atul Gupta, senior director, Deloitte, Haskins & Sells LLP; Ajay Sahai, Director General & CEO, Federation of Indian Export Organisations; Harpreet Singh, partner, indirect tax, KPMG; and Anil Bhardwaj, secretary general, Federation of Indian Micro & Small and Medium Enterprises held a 90-minute discussion
Free Fall
The steadily weakening Indian currency brings with it a host of worries Mining baron Anil Agarwal's $1 billion share buyback offer of Vedanta Resources cheered up shareholders in London as the share price shot up by 26 per cent in the morning trade to over 800 pence.Taking Power Plants Out of the Red
Adanis 4,620 MW plants in Mundra, and 1,320 power plant of Essar at Salaya near Jamnagar have stopped generation while Tata's Mundra Ultra Mega Power Project is still in production despite losses. June, 2017 sales were particularly subdued as customers deferred purchases and dealers reduced stocks due to the uncertainty over the likely impact of GST introduction from July 1, 2017 IDBI now has to expand and exploit the safe-bet retail business to improve its share of retail banking both in terms of retail advances, as also low-cost current and savings accounts (CASA). Green shoots in the hospitality sector coupled with buoyancy in the primary market has paved the way for Initial Public Offerings (IPOs) in the hotels sector.GST Undermines Federal Structure
States need discretionary powers for better resource mobilisationPresolv360: Dispute Management On The Cloud
The Mumbai-based firm's conflict resolution platform helps settle commercial and civil disputes outside the court.Government Domestic Product, The New GDP?
The increased government spending is difficult to sustain. The government's latest formula to heal a system staggering under Rs 14 lakh crore debt is essentially bank driven, and comes two years after the path-breaking bankruptcy code. Did the government announce msp hike before planning for infrastructure backup? Should brands be opinionated on social media?
Sounds Good
The slightly angular earbuds are a snug fit, and with the neckband balancing the weight, Bullets Wireless is comfortable to wear for long durations. The biggest USP of Honor 10 is the stunning camera with loads of modes and settings. When change knocked, transformation management played a key role in designing a new pathway to progress. From classic and modern art to elegant bar tools and fashion shake-ups, we zero in on luxury tickers that push the boundaries. iOS12 will be looking to correct the problems of its earlier avatar. It also has a host of new features. Here's what users can expect. A new AI application enables one to see human posture and movement right through the wall; here's why we need it. Signs and symptoms of thyroid disorders can be subtle and often overlap with other health issues.
Rough Ride
Business confidence slides in the first quarter of 2018/19 as businesses feel the pinch of GST and brace for policy inaction and higher interest rates, finds the latest Business Today-C fore Business Confidence Survey."In every city, there should be surplus housing"
Indian real estate, especially the residential segment, is battered. Homebuyers have been taken for a ride by builders who couldn't complete projects. This led to a trust deficit, and the subsequent enforcement of the Real Estate Regulation and Development Act (RERA), which is now forcing builders to change their operating models. Rajeev Talwar, CEO, DLF Ltd., and Chairman of the National Real Estate Development Council (NAREDCO), tells Business Today's Goutam Das about the changing landscape, why it is time to create excess supply in affordable housing, and how to go about it. Edited excepts: Getting returns on R&D investments is a tough challenge, but success largely depends on appropriate value creation. The rising popularity of natural products has triggered a wave in the organic milk market. But there are challenges. After displacing Samsung from pole position in smartphones, Xiaomi aims for a bigger play in Indian consumer durables.
New Age Lending
Fintech players are making a mark in the lending business but need a sustainable business model. A new breed of fintech lenders is creating a niche segment. Online aggregators are doing much more than connecting the customer with the service provider. Their future depends on ability to keep innovating. New RBI regulations have created a flutter in the P2P market.
